Big Tech Losses Pull US Stock Market Down as Inflation Gauge Ticks Higher

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 52%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Big tech losses pull US stock market down as inflation gauge ticks higher on Wednesday.

Wall Street experienced a rocky Wednesday morning as losses in Big Tech stocks countered broader market gains as a key inflation gauge ticked higher.What Are the Big Tech Losses?Ahead of the inflation report, despite a largely positive performance across most sectors, heavyweight technology companies like Nvidia and Microsoft dragged the S&P 500 down by 0.1 percent. Meanwhile, the Dow Jones Industrial Average inched up 61 points, or 0.

7 percent the previous month. Economists view core inflation as a critical indicator of longer-term price trends, making this uptick particularly noteworthy.Although inflation has significantly receded from its peak of 7 percent in mid-2022, core inflation has stubbornly hovered at 2.8 percent since February. Price pressures remain concentrated in service sectors, with apartment rents, dining out and insurance for cars and homes driving costs higher.The report also highlighted a resilient U.S.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 468. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

MAGA’S Marriage To Big Business — And Big TechJohanna Costigan is a writer and editor from New York. She covers US-China technology competition and policy. She has an MSc in Contemporary Chinese Studies from the University of Oxford. She graduated from Bard College with degrees in East Asian studies and Written Arts. She speaks Mandarin Chinese.
Fonte: ForbesTech - 🏆 318. / 59 Leggi di più »